PT Astra (Germany) Market Value
| ASJA Stock | EUR 0.29 0.01 3.57% |
| Symbol | ASJA |
PT Astra 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PT Astra's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PT Astra.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in PT Astra on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding PT Astra International or generate 0.0% return on investment in PT Astra over 180 days. PT Astra is related to or competes with CapitaLand Investment, DIVERSIFIED ROYALTY, ECHO INVESTMENT, SLR Investment, PARKEN Sport, and ADRIATIC METALS. PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipm... More
PT Astra Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PT Astra's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PT Astra International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.21 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.67 |
PT Astra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Astra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Astra's standard deviation. In reality, there are many statistical measures that can use PT Astra historical prices to predict the future PT Astra's volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.17) |
PT Astra International Backtested Returns
At this point, PT Astra is out of control. PT Astra International retains Efficiency (Sharpe Ratio) of 0.0332, which implies the firm had a 0.0332% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for PT Astra, which you can use to evaluate the volatility of the company. Please check PT Astra's information ratio of (0.03), and Market Risk Adjusted Performance of (0.16) to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. PT Astra has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Astra's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Astra is expected to be smaller as well. PT Astra International at this moment owns a risk of 3.87%. Please check PT Astra International market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if PT Astra International will be following its current price history.
Auto-correlation | -0.33 |
Poor reverse predictability
PT Astra International has poor reverse predictability. Overlapping area represents the amount of predictability between PT Astra time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PT Astra International price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current PT Astra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Astra International lagged returns against current returns
Autocorrelation, which is PT Astra stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PT Astra's stock expected returns. We can calculate the autocorrelation of PT Astra returns to help us make a trade decision. For example, suppose you find that PT Astra has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PT Astra regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PT Astra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Astra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Astra stock over time.
Current vs Lagged Prices |
| Timeline |
PT Astra Lagged Returns
When evaluating PT Astra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Astra stock have on its future price. PT Astra autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PT Astra autocorrelation shows the relationship between PT Astra stock current value and its past values and can show if there is a momentum factor associated with investing in PT Astra International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ASJA Stock
PT Astra financial ratios help investors to determine whether ASJA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ASJA with respect to the benefits of owning PT Astra security.